3.0.0 4624 2022-03-01T06:43:08Z 2022-03-01T06:43:08Z House H HR 2012-04-25 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BACHUS:H.R. 4624.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 3 of the UnitedStates Constitution.[Page H2126]]]> hsba00 Financial Services Committee House Standing Hearings by 2012-06-06T14:02:08Z Referred to 2012-04-25T14:01:05Z 2012-06-06 hsba00 Financial Services Committee 1 House committee actions Committee Hearings Held. Committee 2012-04-25 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-04-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-04-25 Introduced in House IntroReferral 1000 9 Library of Congress B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 N M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2012-04-25 True S001183 Rep. Schweikert, David [R-AZ-5] David Schweikert R AZ 5 2012-04-27 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2012-04-27 False Finance and Financial Sector Administrative law and regulatory procedures Administrative remedies Banking and financial institutions regulation Business ethics Business records Computer security and identity theft Financial services and investments Licensing and registrations Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2012-04-25 Introduced in House 2012-07-09T22:07:24Z Investment Adviser Oversight Act of 2012 - Amends the Investment Advisers Act of 1940 to require investment advisers to register with a registered national investment adviser association, unless exempted according to specified criteria.

Prescribes registration requirements and procedures.

Requires each national investment adviser association to conduct an annual conference to which representatives from the state securities administrators association and the Securities and Exchange Commission (SEC) shall be invited to participate in order to foster cooperation between such entities.

Sets forth procedures for: (1) approval of registration; and (2) discipline of members by a national investment adviser association, including membership denial and summary suspension.

Grants the SEC enforcement authority including suspension and expulsion of members and removal or censure of officers and directors.

]]> Investment Adviser Oversight Act of 2012 Short Titles as Introduced Investment Adviser Oversight Act of 2012 Display Title Investment Adviser Oversight Act of 2012 Official Title as Introduced To amend the Investment Advisers Act of 1940 to provide for the registration and oversight of national investment adviser associations. Introduced in House 2012-04-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr4624ih/xml/BILLS-112hr4624ih.xml 2012-06-06 Committee Hearings Held. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.